How much money do you have in stocks?
I have 10k and want to put more but have this nagging fear of crash in the market. I use Robinhood and right now do monthly deposit of $500 in the app
Owned outright, Vested or unvested?
Have around 200k. Stocks are long term investment, market crashes come and go, but historically market was always growing higher after crash. Plan to slowly transition to less volatile assets like bonds and I get older.
So 10k become how much in how many yrs? Have you thought this even if it’s for long term?
Keeping 40% net worth in stocks. 60% cd and assets.
I have about 100k in savings. Never invested. Can’t buy even a shit house with that as down in Bay Area. So mine is sitting in savings doing nothing.
How's that inflation treating you? :)
No idea. Explain?
I buy stock in ~$10k lots...
Close to 800k as of today.
What's your yoe?
10.
You should probably be buying mutual funds to spread your risk across the market rather than buying individual stocks on robinhood. People devote their entire careers trying to beat the market average returns, and most fail. It's highly unlikely that you'll do better without significant time investment in choosing the stocks you buy. As others have said, dollar cost average (DCA) in. Time in the market beats timing the market in the long run.
Setup vanguard account, transfer money, select fund, and click buy. A financial advisor may have been necessary 20 years ago, but now everything is so self serve, it's not worth the expense if you're willing to put in the minimal time and effort to learn, and are smart enough to avoid obvious scams.
Do you guys sell your stocks only when you need to cash out ( maybe buy a house or some other expense) or sell on a regular basis ( like say when your stocks go above a threshold)? The dilemma I have is when to sell my stocks? Do I do it when the value has gone up or only when I need the money?
If you won't need the money in short term, just keep putting some every month and DCA it. Over long term, you'll do fine.
DCA specifically refers to when you have a lump sum of cash you could invest but instead you invest a fraction of it periodically like every month. Buying stocks using income from your paycheck isn’t DCA, it’s just buying stocks.
Context, not the dictionary definition. OP is worried about investing money now due to fear of a crash. We are suggesting that OP can keep putting in some money every month and it'll fine.